![]() |
![]() |
![]() And So It Begins June 13, 2025
The hollowness of the status quo's self-correcting mechanisms is being revealed, and it's discomforting.
And so it begins. Call it whatever you want--how about the Great Unraveling for starters--and perhaps it's appropriate to discuss it on Friday the 13th, as old tales and superstitions are part of the mix. Let's start with two superstitions that are not yet recognized as superstitions. 1. There are very smart people who will work very hard to keep the status quo glued together. It's unwise to bet against them. 2. Technology is Progress and Progress is inevitable. These seem valid until the tide turns. As the sand castles erode and collapse, these are revealed as belief structures, not facts. We like to think smart people, technology and Progress will solve all difficulties without causing us any pain. When the tide is receding, this seems to be the case. See, problems are getting resolved, technologies are making life better, and Progress is advancing everywhere. But beneath this veneer of confidence, buffers have thinned and long-smoldering conflicts are catching fire. Nuclear ambitions, nuclear threats--these never went away, and now the buffers containing them have eroded. The buffers of financialization and globalization have thinned to the point that crisis management has been normalized. Rather than rebalance a corrupted economy and ship of state when the second of two credit-assets bubbles burst in 2008, the very smart people who work very hard shoved the throttle to maximum and ran the speedboat right over the reef. Rather than accept the limits of a system geared to increase inequality and waste regardless of PR policy tweaks, to maintain the illusion of stability they gunned the engines of financialization and globalization into hyper-financialization and hyper-globalization. The reef shredded the hull, but momentum and the mighty engines of cheap oil and money creation kept the doomed craft afloat for 16 long years. The PR machinery duped the passengers into believing this unstable hyper-state of spiraling inequality and squandering resources in the name of "growth" was not just permanent, it was inevitable. The PR has now reached the pathetic stage of self-parody. The soil we all depend on for food has been depleted, but no worries, a robot will wander over the lifeless fields zapping weeds, so problem solved! The faith that simplistic technologies will painlessly solve complex human and ecological problems was always child-like, but grandiose egos and greed were more than enough to push this childish faith to self-parodying absurdity. So 19 American families have the same net worth ($2. 6 trillion) as 110 million Americans--no problem, there's an app that resolves that. Conflicts traverse a familiar landscape. Those dissatisfied with the status quo seek change, and those content with the status quo seek to distract, placate or bribe the discontented without relinquishing any of their power and perquisites. The greater the concentration of wealth and power in a ruling elite, the greater the opportunities for delusion and catastrophic misjudgment. The concentration of power and wealth have reached extremes throughout the world, and so the stage has been set for miscalculations, clashes of ego, delusional confidences and beliefs and desperate gambles by those who can't afford to lose. Nobody noticed--or admitted--that the buffers protecting all these forces from breaking out have been thinned by decades of destruction, fraud, corruption, waste, inequality and propaganda that everything was going just fine because it was going just fine for those at the wheel of power and wealth. The hollowness of the status quo's self-correcting mechanisms is being revealed, and it's discomforting. All is not as it seems, and so it begins. Call it whatever you want, but hyper-normalizing it with fine-sounding cover stories won't repair the shredded hull. ![]() My recent books: Disclosure: As an Amazon Associate I earn from qualifying purchases originated via links to Amazon products on this site. The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century print $18, (Kindle $8.95, Hardcover $24 (215 pages, 2024) Read the Introduction and first chapter for free (PDF) Self-Reliance in the 21st Century print $18, (Kindle $8.95, audiobook $13.08 (96 pages, 2022) Read the first chapter for free (PDF) The Asian Heroine Who Seduced Me (Novel) print $10.95, Kindle $6.95 Read an excerpt for free (PDF) When You Can't Go On: Burnout, Reckoning and Renewal $18 print, $8.95 Kindle ebook; audiobook Read the first section for free (PDF) Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States (Kindle $9.95, print $24, audiobook) Read Chapter One for free (PDF). A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF). Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World (Kindle $5, print $10, audiobook) Read the first section for free (PDF). The Adventures of the Consulting Philosopher: The Disappearance of Drake (Novel) $4.95 Kindle, $10.95 print); read the first chapters for free (PDF) Money and Work Unchained $6.95 Kindle, $15 print) Read the first section for free Become a $3/month patron of my work via patreon.com. Subscribe to my Substack for free The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century print $20, (Kindle $9.95, Hardcover $24 (215 pages, 2024) audiobook, Read the Introduction and first chapter for free (PDF) ![]() What if the real source of the unraveling is far deeper than economics or politics? What if the problem is what we see as the inevitable destiny of humanity--Progress--is actually a modern mythology, disconnected from the real-world consequences of growth for growth's sake? We indignantly reject that Progress is a mythology, but our need for mythology hasn't gone away because we've mastered technology; we've created a modern mythology of technology that is heedless of its own consequences. To truly progress, we need a new mythology aligned to 21st century realities. That's the goal of this book. Read the Introduction and first chapter for free Self-Reliance in the 21st Century print $18, (Kindle $8.95, audiobook $13.08 (96 pages, 2022) Read the first chapter for free (PDF) ![]() When Ralph Waldo Emerson wrote his famous essay Self-Reliance in 1841, the economy was localized and households supplied many of their own essentials. Now we're dependent on distant sources for our essentials. For Emerson, self-reliance is thinking for ourselves rather than taking the conventional path. Self-reliance today means reordering our priorities and values. Self-reliance is often confused with self-sufficiency--the equivalent of Thoreau's cabin. But self-reliance isn't about piling up money or an isolated cabin; it's about cooperating with trustworthy others in productive networks. The book details the essential mindset of self-reliance and 18 nuts and bolts principles of self-reliance in the 21st century. Podcast with Richard Bonugli: Self Reliance in the 21st Century (43 min)
Recent entries: And So It Begins June 13, 2025 Now That the Parasites Have Consumed the Host.... June 11, 2025 The Miracles of Moderate Exercise June 9, 2025 The Ratchet Effect: Easy to Spend More, Spending Less Triggers Collapse June 3, 2025 What AI Can't Do Faster, Better, or Cheaper Than Humans June 2, 2025 My Job Is to Say No--with One Exception May 29, 2025 The "AI Revolution" May Take an Unexpected Turn into the "AI Coup" May 27, 2025 Ours Is a System of Fraud, Swindles and Corruption May 23, 2025 Boomers, Let's Face It: The Math Doesn't Work May 20, 2025 The Real American Dream: Starting Over May 19, 2025
Living on Meds, Vitamin C and Ibogaine: American Precarity
May 14, 2025
![]()
Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency. All contributors are listed below in acknowledgement of my gratitude.
Of Two Minds Site Links home musings my books archives books/films policies/disclosures social media/search Aphorisms How to Contribute, Subscribe/Unsubscribe sites/blogs of interest original music/songs Get a Job (book) contributors my definition of success why readers donate/subscribe to Of Two Minds mobile site (Blogspot) mobile site (m.oftwominds.com)
HUGE GIANT BIG FAT DISCLAIMER: Nothing on this site should be construed as investment advice or guidance. It is not intended as investment advice or guidance, nor is it offered as such.... (read more) WHY EMAIL TO THIS SITE IS READ BUT MAY NOT BE ACKNOWLEDGED: Regrettably, I am so sorely pressed for time and energy that I am unable to respond to the vast majority of emails. Please know I read all emails, but I can only devote a very limited number of hours to this blog and all correspondence.... Subscriptions to the Weekly Musings Reports Subscribers enable Of Two Minds to post free content. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales alone. Your financial support is very much appreciated. Subscribers ($7/mo) and those who have contributed $70 or more annually receive weekly exclusive Musings Reports ($70/year is about $1.35 a week). Each weekly Musings Report offers four features: 1. Exclusive essay on an extraordinarily diverse range of insightful topics 2. Summary of the blog this week 3. Best thing that happened to me this week 4. From Left Field (a curated selection of interesting links) There are four easy ways to subscribe: Substack, Patreon, US Mail and Paypal: How to Contribute, Subscribe/Unsubscribe to Of Two Minds What subscribers are saying about the Musings: "What makes you a channel worth paying for? It's actually pretty simple - you possess a clarity of thought that most of us can only dream of, and a perspective that allows you to focus on the truth with laser-like precision." Jim S. Thank you very much for supporting oftwominds.com with your subscription or contribution.
Extra-Special Bonus Aphorisms:
"There is no security on this earth; there is only opportunity." (Douglas MacArthur) "We are what we repeatedly do." (Aristotle) "Do the thing and you shall have the power." (Ralph Waldo Emerson) "Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction." (E.F. Schumacher, via Tom R.) "He who will not risk cannot win." (John Paul Jones) "When we drink coffee, ideas march in like the army." (Honore de Balzac) "Progress is not possible without deviation." (Frank Zappa, via Richard Metzger) "Victory favors those who take pains." (amat victoria curam) "The man who has a garden and a library has everything." (Cicero, via Lee Bentley) "A healthy homecooked family meal and a home garden are revolutionary acts." (CHS) "Do you know what amazes me more than anything else? The impotence of force to organize anything." (Napoleon Bonaparte) "The way of the Tao is reversal" Or "Reversal is the movement of Tao." (Lao Tzu) "Chance favours the prepared mind." (Louis Pasteur) "Success consists of going from failure to failure without loss of enthusiasm." (Winston Churchill) "Where there is ruin, there is hope for treasures." (Rumi) "The realm of gratitude is boundless." (CHS, 11/25/15) "History doesn't have a reverse gear." (CHS, 12/22/15) Smith's Law of Conservation of Risk: Every sustained action has more than one consequence. Some consequences will appear positive for a time before revealing their destructive nature. Some consequences will be intended, some will not. Some will be foreseeable, some will not. Some will be controllable, some will not. Those that are unforeseen and uncontrollable will trigger waves of other unforeseen and uncontrollable consequences. (July 8, 2014)(thanks to Lew G. for retitling the idea.) Smith's Neofeudalism Principle #1: If the citizenry cannot replace a kleptocratic authoritarian government and/or limit the power of the financial Aristocracy at the ballot box, the nation is a democracy in name only. The Smith Corollary to Metcalfe's Law (The Network Effect): the value of the network is created not just by the number of connected devices/users but by the value of the information and knowledge shared by users in sub-networks and in the entire network. (CHS, 4/6/16) My Credo of Liberation: I no longer care if the power centers of our society--the distant, fortified castles of our financial feudal system--are changed by my actions, for I am liberated by the act of resistance. I am no longer complicit in perpetuating fraudulent feudalism and the pathology of concentrated power. I no longer covet signifiers of membership in the Upper Caste that serves the plutocracy. I am liberated from self-destructive consumerist-State financialization and the delusion that debt servitude and obedience to sociopathological Elites serve my self-interests. (Thank you, Klaus-Peter L., for reminding me) "We've become a culture of excuses rather than solutions: solutions always require sustained effort and discipline." (CHS 4/9/16) "Fraud as a way of life caters an extravagant banquet of consequences." (CHS 4/14/16) "Creativity = problem solving = value creation." (CHS 6/4/16) "Truth is powerful because it is the core dynamic of solving problems." (CHS 7/21/17) "We live in a system of human emotions that masquerades as a science (economics)." (CHS 1/1/18) "Always remember, your focus determines your reality." (George Lucas) "Diversity is for poor people. Sameness is for the successful." (GFB) "When power dissipates suddenly, it dissipates completely." (CHS 7/14/19) "Disobedience is the true foundation of liberty. The obedient must be slaves." (Henry David Thoreau) "Markets cannot price in the value of non-monetized natural assets such as diverse ecosystems." (CHS 7/14/19) "Magical thinking isn't optimism, it is folly." CHS 1/3/22) "Tune in (to self-reliance), drop out (of hyper-consumerism and debt-serfdom) and turn on (to relocalizing capital and agency)." (CHS 1/5/22) "The path to everything you desire starts here: like yourself as you are right now." (CHS 11/20/22) "There are only two signals: how many essentials you produce and share and if you're consuming less with better results. Everything else is noise." (CHS 12/17/22) "Liberation is no longer needing any confirmation or feedback from others or the world for one's sense of self. Wealth, fame, recognition, admiration, praise, prestige, approval, sainthood, martyrdom, success: none are needed, none are desired." (CHS 12/26/22) "When fame, wealth, prestige, status and glory are out of reach, you're free to pursue other more valuable things." (CHS 2/6/22) "It is the sacred duty of every activist who seeks to better their community to grow and share as much life-giving food as is humanly possible." (CHS 6/15/23) "Being anonymous, gray and unknown is the ideal state of freedom." (CHS 3/15/24) "We seem to have entered a world of anti-leisure and anti-productivity in which the unpaid shadow work demanded to keep all the complicated digital bits in motion obliterate our leisure and productivity." CHS (5/22/24) "It is axiomatic that failing systems work the best just before they fail catastrophically." Ray W. "Looking younger is mere technique; thinking younger demands creativity." CHS (10/16/24) "Tell me what's taboo and I'll tell you the truths that threaten the status quo." CHS (12/15/24) "This is the core of the Attention Economy: the ultimate addiction is the addiction to ourselves." CHS (1/28/25) |
![]() |
||||||||||
All content, HTML coding, format design, design elements, original images, videos and musical compositions
and recordings on www.oftwominds.com are protected by copyright
© 2025 Charles Hugh Smith, All global rights
reserved in all media, unless otherwise credited or noted.
Terms of Service:
All content on this blog is provided by Trewe LLC for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. These terms and conditions of use are subject to change at anytime and without notice.
Our Use of Generative AI Tools Policy:
Our Privacy Policy:
PRIVACY NOTICE FOR EEA INDIVIDUALS
Notice of Compliance with
The California Consumer Protection Act
Regarding Cookies:
Our Commission Policy:
|
|
|||||
home email me (no promise of response, sorry, here's why) mirror site | |||||